US President Donald Trump reportedly wanted a 20% cut of Nvidia’s H20 chip China sales, but eventually settled for 15% after negotiations with their CEO Jensen Huang.
CNBC reported President Trump outlined the higher asking price during a press conference in Washington DC on August 11th.
The news agency stated Huang met with Trump at the White House on 8 August.
AMD is also allowed to sell its AI chips to China under the same terms.
The Nvidia decision was a reversal of the Trump administration’s previous posture of not allowing exports of the chip due to national security issues and concern the US is losing its technological AI advantage to China, which led to a plan in April to require the licences.
Last month, the decision to reopen sales to China drew opposition from security experts and politicians in the US.
CNBC reported President Trump stated Nvidia’s H20 is an “old chip that China already has” and is “obsolete”.
President Trump also said he would not allow Nvidia’s flagship Blackwell chip to be sold in China without significant downgrades, including a 30 per cent to 50 per cent reduction in performance.
“The Blackwell is super-duper advanced. I wouldn’t make a deal with that,” Trump said, adding “They won’t have it for five years.”
Source: Mobile World Live
Image Credit: Nvidia
